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2008-06-17 Syria-Lebanon-Iran

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Posted by Fred 2008-06-17 00:00|| || Front Page|| [3 views ] Top
File under: Govt of Iran

#1 I see a whole new front opening up against Iran. It's called Hassle the Assets. Good move.

Posted by Alaska Paul 2008-06-17 02:19|| 2008-06-17 02:19|| Front Page Top

#2 If they put it in one of Kimmie's banks, they better count their fingers afterward.

Posted by Zorba Glomock 2008-06-17 03:17|| 2008-06-17 03:17|| Front Page Top

#3 It may come to pass that the only thing worse than owning Iranian assets is renting them.

Posted by Nimble Spemble 2008-06-17 06:19|| 2008-06-17 06:19|| Front Page Top

#4 And it came to pass that the money was moved many times.

And the fees ate them alive.

Posted by bigjim-ky 2008-06-17 07:29|| 2008-06-17 07:29|| Front Page Top

#5 Lot's of banks in Hong Kong. And about as civic-minded as those in Switzerland.

Posted by Glenmore 2008-06-17 07:52|| 2008-06-17 07:52|| Front Page Top

#6 Banks here are hitting their customers with "Overdraft Fees" when the customers ars NOT "Overdrawn". I can just see those Billions eaten away with such "Fees"
(Whatcha gonna do, complain?)

Posted by Redneck Jim">Redneck Jim 2008-06-17 08:59|| 2008-06-17 08:59|| Front Page Top

#7 How much of that got side wired into personal government accounts?

Posted by DarthVader">DarthVader 2008-06-17 09:30|| 2008-06-17 09:30|| Front Page Top

#8 That's all profit from $140.00 a bbl oil.
Our own lunacy is making our enemies rich.
Also, this proves that Iran is going nuclear.

Posted by wxjames 2008-06-17 10:27|| 2008-06-17 10:27|| Front Page Top

#9 Glenmore teases a thought...

75-billion in deposits.

If you were the Chinese, would you want to trade fewer or more yuan for these 75-billion?

My guess would be that you would want to trade fewer yuan. The problem is, the yuan is pegged to the dollar. And 75-billion, at a fractional reserve rate of 5 percent, will create 1.5-trillion dollars. Quite a bit of inflationary pressure.

I don't know of any velocity studies for the yuan. If I were a member of the Politbureau I'd want to keep such things close to the vest. But for the curious, here's a quick primer on money:

http://tinyurl.com/5pphbp

How much pressure can China stand? Mebbe we're gonna find out?

.

Posted by OregonGuy">OregonGuy 2008-06-17 14:10|| http://oregonguythinks.blogspot.com/]">[http://oregonguythinks.blogspot.com/] 2008-06-17 14:10|| Front Page Top

#10 All that gold has to be stored or shipped somewhere... Calling Ocean's 14.

Posted by 3dc 2008-06-17 16:48|| 2008-06-17 16:48|| Front Page Top

#11 Damn it, you need to freeze the assets and then announce the sanctions. Get the timing thingee right.

Posted by JohnQC 2008-06-17 17:47|| 2008-06-17 17:47|| Front Page Top

#12 Great, no leverage. All the easier to nuke your wild butts.

Posted by Pancho Threter3607 2008-06-17 18:26|| 2008-06-17 18:26|| Front Page Top

#13 How much pressure can China stand?

I'm coming around to the view that the Chinese are far more pragmatists than capitalists. They have no problem now in generating the money need for projects and programs to keep the peasantry in whatever form happy and them in power. The Central Chinese government doesn't want to rock the economic boat to start stuff they [and a lot of self important but clueless economists in the West] don't fully understand and lead to situations that are destabilizing to their position. So they're more than satisfied to eat/hold all those dollars for now. When they believe that they have to power to drive the world economy rather than us, bets are off. Till then their first and last priority is to keep the existing game going and them firmly in the control seat back home.

Posted by Procopius2k 2008-06-17 19:30|| 2008-06-17 19:30|| Front Page Top

#14 the Euros would love to have Iran remove, restore, remove and then restore their assets

each time there are lots of fees

Posted by mhw 2008-06-17 19:46|| 2008-06-17 19:46|| Front Page Top

23:52 Old Patriot
23:28 Mike
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